Deck 12: Future Trends

Question 1

Trend analysis is the examination of a trend to identify its nature,causes,speed of development and potential impacts.

Answer 1

True

Question 2

Which of the following is not a potential business impact from the world's population doubling in the next 40 years?

A) Developed nations are likely to begin to increase immigration limits.
B) Developed nations are likely to find that retirees will have to remain on the job to remain competitive.
C) Global agriculture is going to be required to supply as much food as has been produced during all of human history.
D) The time to get products and services to market is being shortened by technology.

Answer 2

D

Question 3

Which of the following is not one of the top reasons organisations should study trends?

A) Generate current revenue
B) Gain confidence
C) Generate ideas
D) Beat the competition

Answer 3

A

Question 4

Why is the global economy becoming more integrated?

A) Relaxed borders in the European Union
B) The internet
C) International outsourcing
D) All of the answers are correct

Question 5

What is historical analysis?

A) When numerical data is available,a trend can be plotted to display changes through time and into the future
B) A trend is examined to identify its nature,causes,speed of development and potential impacts
C) Trends viewed as particularly important in a specific community,industry or sector are carefully monitored,watched and reported to key decision makers
D) Historical events are studied to anticipate the outcome of current developments

Question 6

People in developing countries are living longer.

Question 7

What is trend monitoring?

A) When numerical data is available,a trend can be plotted to display changes through time and into the future
B) A trend is examined to identify its nature,causes,speed of development and potential impacts
C) Trends viewed as particularly important in a specific community,industry or sector are carefully monitored,watched and reported to key decision makers
D) Complex systems can be modelled by means of mathematical equations and different scenarios can be run against the model to determine 'what if' analysis

Question 8

Trend projection is the examination of a trend to identify its nature,causes,speed of development,and potential impacts.

Question 9

Which of the following is not a potential business impact from people in developed countries living longer?

A) Global demand for elderly products is set to grow
B) Global demand for elderly services is set to grow
C) The cost of health care is destined to decrease
D) Pharmaceutical companies are going to be pushed for advances in geriatric medicine

Question 10

What are the life expectancies for men and women in many developed countries?

A) Over 65 years for males and over 75 years for females
B) Over 80 years for males and over 75 years for females
C) Over 75 years for males and over 80 years for females
D) Over 70 years for males and over 80 years for females

Question 11

All of the following are countries expected to have the largest increases in population between 2000 and 2050,except:

A) Palestinian territory
B) India
C) Democratic Republic of the Congo
D) Yemen

Question 12

What is trend projection?

A) When numerical data is available,a trend can be plotted to display changes through time and into the future
B) A trend is examined to identify its nature,causes,speed of development and potential impacts
C) Trends viewed as particularly important in a specific community,industry or sector are carefully monitored,watched and reported to key decision makers
D) Complex systems can be modelled by means of mathematical equations and different scenarios can be run against the model to determine 'what if' analysis

Question 13

What kind of society is being created by the growth in information industries?

A) Knowledge-independent global society
B) Knowledge-dependent global society
C) Knowledge-independent local society
D) Knowledge-dependent local society

Question 14

Which of the following is not a potential business impact created by the growth in information industries?

A) Top managers must be computer literate
B) Knowledge workers are generally higher paid
C) Entry-level positions are requiring less education
D) Downsizing are going to continue

Question 15

Organisations anticipate,forecast and assess future events using a variety of rational,scientific methods including:

A) Trend analysis
B) Trend monitoring
C) Trend projection
D) All of the answers are correct

Question 16

Which of the following is one of the primary reasons for the increase in internet use?

A) Reorganisation
B) Connectivity technology
C) Organisational restructuring
D) All of the answers are correct

Question 17

The world's population will double in the next 20 years.

Question 18

What is trend analysis?

A) When numerical data is available,a trend can be plotted to display changes through time and into the future
B) A trend is examined to identify its nature,causes,speed of development and potential impacts
C) Trends viewed as particularly important in a specific community,industry or sector are carefully monitored,watched and reported to key decision makers
D) Complex systems can be modelled by means of mathematical equations and different scenarios can be run against the model to determine 'what if' analysis

Question 19

All of the following jobs are going to be increasingly performed by robots,except:

A) Mundane commercial and service jobs
B) Environmentally dangerous jobs
C) The repair of inaccessible equipment such as space stations
D) Jobs performed by scientists,engineers and technicians

Question 20

All of the following are scientific methods organisations use to anticipate,forecast and assess the future,except:

A) Computer simulation
B) Historical analysis
C) Trend analysis
D) Trend simulation

Question 21

Organisations carefully watch trends for reasons including:

A) Find new ideas and innovations by studying trends and analysing publications
B) Thinking about the future is an antidote to a 'profit now,worry later' mentality that can lead to trouble in the long term
C) Any organisation that wants to compete in this hyperchanging world needs to make every effort to forecast the future
D) All of the answers are correct

Question 22

Which trend has the following potential business impact? Demand for personnel in distant countries is going to increase the need for foreign language training,employee incentives suited to other cultures,and many other aspects of performing business globally.

A) The global economy is becoming more integrated
B) Pace of technological innovation is increasing
C) The growth in information industries is creating a knowledge-dependent global society
D) The economy and society are dominated by technology

Question 23

The study of historical events in order to anticipate the outcome of current developments is called _________ analysis.

Question 24

When numerical data is available,a trend that can be plotted to display changes through time and into the future is known as trend _____________.

Question 25

Which trend has the following potential business impact? Companies must take an active role in helping their employees balance their time at work with their family lives and need for leisure.

A) The global economy is becoming more integrated
B) Pace of technological innovation is increasing
C) The economy and society are dominated by technology
D) Time is becoming one of the world's most precious commodities

Question 26

How long does a product's entire life cycle last today?

A) 4 weeks
B) 40 weeks
C) 4 months
D) 4 years

Question 27

Which of the following is becoming one of the world's most precious commodities?

A) e-Business
B) Energy
C) Currency
D) Time

Question 28

Organisations carefully watch trends for reasons including:

A) A solid foundation of awareness about trends can provide an organisation with the confidence to take risks
B) Seeing what is coming before others can give an organisation the lead time it requires to establish a foothold in the new market
C) Analysing the details within a trend can help separate truly significant developments from rapidly appearing and disappearing fads
D) All of the answers are correct

Question 29

What does 50 per cent of what a student learns about innovative technology in their first year of university become by their final year?

A) Obsolete
B) Revised
C) Taken for granted
D) All of the answers are correct

Question 30

The world's population is expected to double over the next ___________ years.

Question 31

The global economy is becoming more integrated.The potential business impacts of this include:

A) Entry-level and unskilled positions are requiring a growing level of education
B) Information flows from front-office workers to higher management for analysis.Thus,in the future,fewer mid-level managers are going to be needed,a trend that is set to flatten the corporate pyramid
C) Downsizing,restructuring,reorganisation,outsourcing and layoffs are going to continue as typical large organisations struggle to reinvent and restructure themselves for greater flexibility
D) All of the answers are correct

Question 32

Trend ____________ is the examination of a trend to identify its natures,causes,speed of development and potential impacts.

Question 33

Computer _________ occurs when a complex system,such as the U.S.economy,is modelled by means of mathematical equations and different scenarios are run against the model to determine 'what-if' analysis.

Question 34

What percentage is all of today's technical knowledge likely to represent in 2050?

A) One
B) Ten
C) Twenty
D) Fifty

Question 35

Which trend has the following potential business impact? The time to get products and services to market is being shortened by technology.

A) The global economy is becoming more integrated
B) Pace of technological innovation is increasing
C) The economy and society are dominated by technology
D) Time is becoming one of the world's most precious commodities

Question 36

Trends viewed as particularly important in a specific community,industry or sector are carefully monitored,watched and reported to key decision makers is known as trend ____________.

Question 37

Which trend has the following potential business impact? Top managers must be computer literate to retain their jobs and achieve success.

A) The global economy is becoming more integrated
B) Pace of technological innovation is increasing
C) The growth in information industries is creating a knowledge-dependent global society
D) The economy and society are dominated by technology

Question 38

People in developing countries are living longer.The potential business impacts of this include:

A) Global demand for products and services for the elderly is set to grow quickly in the coming decades
B) The cost of health care is set to skyrocket
C) Pharmaceutical companies are going to be pushed for advances in geriatric medicine
D) All of the answers are correct

Question 39

Organisations carefully watch trends for reasons including:

A) Scan the environment for potential threats and risks
B) Organisations must understand everything inside and outside their industry
C) Organisations need to make every effort to forecast the future
D) All of the answers are correct

Question 40

Angola is one of the countries that is expected to have one of the largest increases in population between 2000 and __________.

Question 41

Identify the seven trends that are going to have the greatest impact on future business.

Question 42

The time to get products and services to market is being shortened by __________ .

Question 43

The global economy is becoming more ___________.

Question 44

The growth in information industries is creating a knowledge- _________ global society.

Question 45

Internet-based operations require sophisticated knowledge workers and,thus,people with the right technical skills are likely to be heavily recruited over the next _____years.

Question 46

All of today's technical knowledge is going to represent only __________ per cent of the knowledge that is set to be available in 2050.

Question 47

Explain why understanding trends and new technologies can help an organisation prepare for the future.

Question 48

List and define the five different scientific methods organisations use to anticipate,forecast and assess future events.

Question 49

Medical knowledge is _________ every eight years.

Question 50

__________________ are generally higher paid and their proliferation is going to increase overall prosperity.